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Listed by Matthew Thomson • Compass
$ 3,100,000
Est. payment | /mo
3 Beds
2 Baths
5,944 SqFt
$ 3,100,000
Est. payment | /mo
3 Beds
2 Baths
5,944 SqFt
OPEN HOUSE
Tue Aug 12, 10:00am - 1:00pm
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,944 sqft
Price per Sqft $521
MLS Listing ID ML82016541
Bedrooms 3
Full Baths 2
Year Built 1958
Lot Size 7,000 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
True turnkey apartment building in excellent Redwood City location. Attractive Unit Mix: (2) Two-Bedroom / One Bath Units & (5) One-Bedroom / One-Bath Units. Four of the seven units are renovated. Several recent capital improvements including New roof, upgraded electrical meeting current insurance requirements, new catwalk, new exterior paint, new drainage & new water heater. Day One 4.53% Cap Rate (true Cap Rate w/ fair underwriting). Zero deferred maintenance. Outstanding west Redwood City location walking distance to Whole Foods. All tenants have extra storage space and sufficient parking. Close proximity to all the high-end shopping, dining and entertainment amenities of robust & booming downtown Redwood City. Easy access to Woodside Road and Highways 101 & 280. One of the strongest rental submarkets on the Peninsula led by a high-class tenant profile paying premium rents.
Location
State CA
County San Mateo
Area Central Park Etc.
Zoning R3
Interior
Heating Gas, Wall Furnace
Cooling None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Tax ID 053-063-150
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037